Canadian Mining and Its Potential for Our Business

Friday, September 13, 2019

At Border City Tools, we make high-quality, cost-friendly carbide tools; most notably the best mining bits used in the market.  Although we take pride in excelling in the market domestically, we are always open to expanding our outreach into international markets, as well.  This allows us to identify other areas of the world that host great growth potential for our business.

For instance, Canada is one of the largest mining nations in the world producing more than 60 minerals and metals.  Border City Tools recognizes this as an effective means to expand into a country that prioritizes mining as a growing component of its economic landscape.  Precisely, Canada has one of the largest mining supply sectors globally with more than 3,772 companies supplying engineering, geotechnical, environmental, financial and other services to mining operations.

Mining is a term used generally that involves a variety of subcategories.  These include mineral exploration, mineral development, mine production, mineral processing, mine site reclamation and much more.  These activities contribute to socio-economic benefits—be they exploration and mining in northern, remote or isolated communities, or legal and financial transactions taking place in urban centers such as Vancouver, Toronto, and Montreal.

Canada is the leading global center for mining finance. The Toronto Stock Exchange (TSX) and the TSX Venture Exchange are home to almost 50% of the world’s public mining companies, and in 2016, more than $189 billion of mining equity was traded on these exchanges.  Combined, the TSX and TSX Venture Exchange list more mining and mineral exploration companies than any other exchange in the world and account for the largest share of global mining equity financing.

The experts at Border City Tools pride themselves on their vast product knowledge, excellent customer service, and quick turnaround times.  We are passionate about our products and love providing solutions to professionals in the landscaping field, mining industry, as well as home builders and renovators.  Please give us a call at 888-571-3148 for pricing details or to place an order.  If you have questions about any of the tools we offer, you can easily submit them through the contact form on our website. We look forward to hearing from you!


Sources: Facts & Figures 2018 (Mining Association of Canada)
Mining in Canada (The Canadian Minerals and Metals Plan)
Toronto Stock Exchange (TMX, 2017)